How can I open petrol pump in Maharashtra?

To start a petrol pump, the applicant must show the ability to invest a minimum of Rs. 25 lakhs in case of regular petrol pumps and Rs. 12 lakhs in case of rural petrol pumps.

What are the requirements for opening a petrol pump?

Eligibility Criteria for Opening a Petrol Pump in India

• The owner/owners of the petrol pump business should be citizens of India.
• The minimum age limit of the applicant has to be 21 years and the maximum age limit should be no more than 55 years.
• Birth certificate proof is required.

Which NOC is required for petrol pump?

NOC for setting up Retail Outlets (Petrol Pumps) on Highways is not issued by Oil Companies, but by District Authorities/NHAI after fulfilling the laid down Norm/Guidelines. You may therefore seek the information from District Authorities/NHAI who are also a Public Authority.

What is the monthly salary of petrol pump?

Monthly profit for the petrol pump business is 2 lakhs – 1.35 lakhs= 65000 Rs for rural areas. Monthly profit for the petrol pumps business is 4.2 lakhs – 1.95 lakhs = 2.15 lakhs /month for city side.

How do I start Essar petrol bunk?

Documents required for getting LOA of Essar Oil Petrol Pump dealership is listed below:

1. The application form -Expression of Interest (EOI)
2. Land Documents including 7/12 extract and sale deed.
3. Circle Rate Circular.
4. Site Plan.
5. Photographs of the site.
6. Specific documents needed to establish financial and business capability.

Which petrol bunk is best?

List of Top 6 Best Quality Brands of Petrol Pumps in India

• Indian Oil Corporation Limited (IOCL)
• Bharat Petroleum Corporation Limited (BPCL)
• Hindustan Petroleum Corporation Limited (HPCL)
• Reliance Industries Ltd.(RIL)
• Shell India Private Limited (Shell)
• Essar Oil(Nayara Energy)

What is the full form of NOC?

No Objection Certificate (NOC) is a legal document, issued by an organization, institute, or an individual to say that they have no objection to the mentioned details in the document.

What is LFR petrol pump?

LFR (License Fee Recovery) charged by IOC in case of Petrol Pumps.

What is the profit of petrol pump?

Ans- A petrol pump owner in India can earn up to Rs 3,58,000 every month. If your commission comes across as 3 Rupees per litre then your monthly gross earning of 5,70,000 Rupees.

What is the salary of petrol pump worker in India?

Salary range for the majority of workers in Service station attendants – from ₹5,815 to ₹19,515 per month – 2021. A Service station attendants typically earns between ₹5,815 and ₹10,533 net per month at the start of the job.

How to apply for a petrol pump license?

Interested candidates can apply for the license for opening petrol pump in desired state/ city/ town/ area. Online applications can also be submitted at official websites of oil companies. Applications must be submitted before the said last date of submission.

How to start a petrol pump business?

Generally, the Oil Marketing Companies (OMCs)give advertisements in the newspaper or its website to set up petrol pumps at various locations in the country. Interested candidates can apply online for a license to open a petrol pump in the desired state/city/region.

How much does it cost to open a petrol pump in India?

But generally, the applicant will have to spend minimum Rs 15 to 20 lacs to open a petrol pump in rural areas while for urban areas this cost may be around Rs 30 to 35 lacs. At the same time, it should also be kept in mind that these rupees should be in this form; Apart from Jewellery and cash, the money can be in the form of; 1. Mutual Funds 2.

What is the Commission of petrol pump dealership in India?

Ans. The commission of petrol pump dealership varies from agency and location. However, the general commission ranges from Rs. 2 to Rs. 5 per litre and nearly half of the amount paid on petrol per litre is tax, commission and duty. Q. What is the cost of petrol pump license in india?